From 24/7 Wall St. · Alex Sirois · · 1m 10s
Lam Research Plunges 20% as Wall Street Firm Hints at Double
Lam Research's stock dropped 20% in three months, but a Wall Street firm predicts it could double by year-end.
In brief
Lam Research's stock dropped 20% in three months, but a Wall Street firm predicts it could double by year-end. Lam Research fell 20% in three months but a Wall Street firm targets $500, a 89% gain from current $263.94. Originally reported by 24/7 Wall St..
Lam Research Plunges 20% in Three Months
Lam Research's stock dropped 20% in three months despite strong fundamentals.
Wall Street Firm Targets $500 Stock Price
Cantor Fitzgerald predicts Lam Research could reach $500, an 89% gain from current $263.94.
Sector-Wide Selloff Crushes Lam
Semiconductor equipment stocks fell 17% in a week as investors took profits.
Lam's Fundamentals Hold Firm
Lam's revenue grew 26% to $23.23 billion, and it beat EPS estimates five straight quarters.
Analyst Ratings Lean Bullish
35 analysts have no sell ratings, with 4 strong buys and 25 buys.
Cantor's Thesis on AI Demand
Cantor Fitzgerald says Lam's tools are irreplaceable for AI data centers and high-stack NAND.
Lam's Next Test: September Report
Lam's September report must hit $8.10 billion revenue to support the $500 target.
The short version
Lam Research fell 20% in three months but a Wall Street firm targets $500, a 89% gain from current $263.94.
